After U.S. President Donald Trump renewed his tariff threat against China, U.S. futures contracts — including for the NASDAQ, Dow and S&P 500 — retreated from their all-time highs. As well, this morning, exacerbated by the roiling unrest in Hong Kong, global shares are a sea of red. Sentiment itself is fragile and will likely follow prices. The S&P 500 has...
Pattern: 1W Channel Up. Signal: Bullish as the 3030 All Time High broke on a 1D bullish break out. Target: 3080 and 3100 in extension.
Serious resistance at $ 3030 that succeeded in 3 attempts. At the moment in H4, a double top template was created Stochastic at maximum level with the intersection of lines. For all of the above reasons, we recommend a sell trade with a target of 2940 and a target can grow as the SP progress.
The graph above clearly shows the support line of the rising channel and the resistance line. One of the most attractive products currently available in the foreign exchange market. Ichimoku indicator continues to support further gains in the SP500 price. Because the index has broken a new record and the Stochastic is at its upper limit and signals a correction...
Pattern: Megaphone on 4H. Signal: Bullish on fractal repetition. Target: 3025 (Low to High extension).
I have put today price action side by side with the September - October 2018 price action. The candle flow is very similar and what follows next scary indeed. If we see similar development in the first week of April (the candle sequence in the eclipse), the we should get out of stocks! I don't need to mention that what followed was the strongest correction since...